In last 3 decades how many times did banks cut dividends or stop paying entirely? If they reduced the dividends & you don't know why, seems u have certainly been living in a cave last 18 months...
Further SP re-rate doesn't depend on divi's but on companies NTA, forward production projections & future growth plans... The divi plays a small part not large... & SP will depreciate once divi is paid, so its 1 step forward and 1 step back... Though the divi check looks good in the bank but its just like a illusion, SP will have depreciated in similar amount or more.. Tomorrow GRR pays 40c dividend, what will happen to the SP? Is that how SP re-rates? Need to have bit of a think than chasing dividend like a blind goose...
Recent gains from mid 20s to 50s isn't from divi's but is combination of rise of pellet price & increase of NTA.... Instead of focus on divi's to return 10% etc, SP appreciation could deliver 50-100% returns if divi is not paid or conservative divi is paid and cash is utilized on future growth plans...
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18 | 613041 | 0.260 |
10 | 183530 | 0.255 |
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Price($) | Vol. | No. |
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0.285 | 258612 | 8 |
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